alt Hacker NewsI do wonder still if the country is better off. Billionaires investing in an area tends to skyrocket rent, housing tax from greedy councils, and skews food and utilities upwards too.
The loss of the richest man in the village might mean the baker now has to kowtow his prices to his less well-to-do neighbours again
Seriously as someone who grew up in the Bay Area. I am here for the weather, family and friends. I don't care if billionaires leave and real estate prices normalize at the cost of a bunch of tech jobs.
That said I wish we would take a look at spending before we just keep raising taxes and then a year later saying "how are we gonna get even more money?". California has an insane amount of wealth per person and one of the highest state tax rates. Can they really not figure out how to operate with their current budget?